Check out this killer Duplex Renovation in Indianapolis, Indiana. These buyers had a dream to own their home and become landlords all at the same time. The Makeover Mortgage Process made that possible and allowed them to buy a home, do a renovation, and wrap the entire cost into one monthly payment. They were able to redo both sides of this duplex AND add a garage in the back!
Benefits of House Hacking
Stop renting
Start your rental portfolio
Let your tenants pay your mortgage
Total Renovation Cost - $170,000
Masonry - Garage Slab - $11,000
Siding - Replace damaged siding and J Channel - $2,700
Gutters - Repair gutters and downspouts - $600
Exterior - 2 garage doors, fence, garage siding, and roof - $17,000
Grading/Landscape - Dig out mulch bed and plant 6 bushes and 12 flowers - $800
Windows - Remove and Replace 2 windows - $1,300
Doors - Install 4 new interior doors - $1,200
Framing - Remove walls, frame closets, frame garage - $16,000
Drywall - Repairs - $2,000
Painting - Paint both units, cabinet hardware, and custom benches - $13,000
Stairs - Repair basements stairs and add handrails - $1,000
Flooring - Install new Vinyl Plank Flooring and Carpet - $18,500
Ceramic Tile - Backsplash and Tile Floor - $3,600
Bath Accessories - Vanities, shower faucets, toilets, tubs, shower surrounds - $7,000
Plumbing - Water Heater, Sinks, WD Box, re-routing - $6,000
Electrical - lights, Weatherhead, 100 amp panel, fans - $7,000
Heating - New Gas Furnace and Duct Work - $5,500
Cabinetry - Kitchen Cabinets, Countertops - $5,850
Appliances - Faucets and Garbage Disposals, Microwaves - $2,300
Clean-up - Demo kitchens, demo floors, remediate mold, demo bathrooms, demo concrete slab, and dumpsters - $10,000
Overhead and Profit - $19,000
Change Orders - $3,500
If you are interested in buying your first duplex or other property to renovate please visit www.makeover-homes.com or call 463.252.0028